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Conditional Lien Waiver
"I need a Conditional Lien Waiver for a commercial building renovation project in Vienna, where our company as the general contractor will waive lien rights upon receiving the final payment of 鈧500,000 scheduled for March 2025."
1. Identification of Parties: Full legal names and addresses of the Lien Holder (typically contractor/subcontractor) and the Property Owner/General Contractor
2. Project Information: Details of the construction project, including property address, project name, and contract reference numbers
3. Payment Amount: Specific amount of payment that triggers the lien waiver, including any previous payments and current payment details
4. Waiver Conditions: Clear statement of the conditions that must be met for the waiver to become effective, typically the receipt and clearing of payment
5. Scope of Waiver: Specific description of what rights are being waived, including the time period covered by the waiver
6. Representations and Warranties: Statements confirming the lien holder's authority to execute the waiver and that no assignment of lien rights has occurred
7. Execution: Signature blocks, date, and any notarization requirements under Austrian law
1. Retention of Rights: Section specifying any rights that are explicitly retained, used when partial waiver is intended
2. Third-Party Claims: Section addressing potential claims by subcontractors or suppliers, included when the waiving party has subcontractors
3. Previous Payments: Detailed listing of previous payments received, included for progress payments in ongoing projects
4. Governing Law: Explicit reference to Austrian law application, included in international projects or when dealing with foreign entities
1. Schedule A - Project Details: Detailed description of the project, including plans, specifications, and scope of work covered by the lien waiver
2. Schedule B - Payment History: Detailed breakdown of all payments received and outstanding amounts
3. Schedule C - Supporting Documents: Copies of relevant invoices, payment applications, or other supporting documentation
4. Appendix 1 - Property Description: Legal description of the property and relevant land register details
Authors
Construction
Real Estate
Property Development
Infrastructure
Manufacturing
Industrial Installation
Commercial Property
Residential Development
Engineering
Architecture
Legal
Construction
Project Management
Finance
Real Estate
Risk Management
Procurement
Commercial
Development
Operations
Construction Project Manager
Contract Manager
Legal Counsel
Property Developer
Construction Site Manager
Finance Director
Real Estate Manager
Procurement Manager
Project Coordinator
Risk Manager
Commercial Director
Development Director
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